Good news for the Hunts Point Market
Gov. Andrew Cuomo has just awarded $29.5 million to the Hunts Point Market in the Bronx in an initiative to revamp the facilities. This is a big step for the market, Crain’s New York Business reports.
This is also a part of Gov. Cuomo’s promises during his campaign tweets City Hall News.
Econ. Dev. Councils award $29.5 million to revamp Bronx hunts point produce market, something Cuomo promised during campaign
The produce market is still short of $20 million to carry out all the planned renovations and repair.
“We still have a lot to do to get all the dollars needed,” to renovate the 44 year-old facility, said Sid Davidoff, a lawyer representing the produce businesses that comprise the facility.
Read more: http://www.crainsnewyork.com/article/20111209/SMALLBIZ/111209865#ixzz1gI3k6nWZ
Mayor Bloomberg welcomed this development. “We really do need to redo the produce market. It’s not competitive anymore,” he said during his weekly radio show on WOR. He expressed his concerns about the accessibility of the market, especially in the face of competition with New Jersey.
“New Jersey has been very aggressive in offering monies and benefits to the vendors to move over to there,” he said. “We can’t get into a bidding war, but we can make this as attractive as we can, and I think this would help us do that.”
The Wall Street Journal reports that this award is part of a $200 million fund to encourage development projects in the state and improve job rates. Of these projects, the award to the Hunts Point Market is the largest.
Hunts Point reportedly delivers 20 percent of the total produce in the state.
An NY1 report quoted Denise Goodman of M&R Tomato Distribution Inc.
I believe one out of every four families will be having some kind of produce item that came from this market
According to the report, the market did brisk business during the Thanksgiving holiday.
Whether Hunts Point will get all the money that it needs is stil an unanswered question, but this award is a step in the right direction.
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